Chicago-based IPA 100 firm Baker Tilly has launched a new digital claims calculation platform for the commercial insurance market.
Quantum is an automated, on-demand platform designed to modernize the claims process, reducing claims management costs by up to 30% and delivering loss calculations in as little as one day. The platform is made up of several core components, including an on-demand platform that automates the intake, evaluation and client reporting associated with damage analysis and data-driven AI calculations that are based on Baker Tilly’s historical loss experience across industries and around the world.
“Recent catastrophes and wide-area damage situations including weather events and a global pandemic have put claims management under significant pressure,” says Simon Oddy, a Baker Tilly partner with more than 20 years of business interruption experience. “That’s where Quantum comes in. It balances technology and humanity to deliver automation – coupled with hands-on support – that provides a better experience for both claims professionals and their policyholders.”